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IRS provides tax relief for the low-income housing credit and bonds for qualified residential rental projects

WASHINGTON – In response to the ongoing COVID-19 pandemic, the Internal Revenue Service today issued Notice 2020-53 (PDF) to provide tax relief to issuers, operators, owners, and tenants of qualified low-income housing projects or qualified residential rental projects financed with exempt facility bonds, and state agencies that have jurisdiction over these projects. For certain time-sensitive actions…
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Deadline for estimated tax payments postponed until Wednesday, July 15

As part of its response to COVID-19, the IRS has postponed several tax deadlines until Wednesday, July 15, 2020. These postponements generally apply to all taxpayers with a filing or payment deadline between April 1 and July 15, 2020.This relief includes individual and corporate quarterly estimated tax payments. Any taxpayer making payments received by July…
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